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far right and worried about somebody farther right running against them in primaries that john boehner is having a hard time getting them to agree to his packages like plan b last week. we don't know out here on the public how much has changed since last week, but president obama was saying something he was planning to say. >> joy, is this the same thing? >> one thing you notice the president didn't doll is off any new plan. he's laying this debacle squarely at the feet of the congress. the president helped himself by previously making some offer that even his base was uncomfortable with because it's now clear to everyone watching he's been responsive. i think he's expressing the frustration of the american people. >> clarence, the game seems to be moving to rich mcconnell and harry reid. i think we have some sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early
. the president had put serious spending cuts on the table. he and speaker boehner a week and a half ago were this close in a $4 trillion deal, they were 200 billion apart on revenues and 200 billion apart on cuts and then what happened, all of a sudden, speaker boehner decided to do this plan b. he went back and for a week tried to raise the amount that you would extend the bush tax cuts to people over a million dollars, couldn't get -- the plan was flawed from the beginning. instead of trying to get a bipartisan deal with democrats and republicans he try the to win over the 50 most hard right conservatives in his body. it fell -- wait, wait, it fell apart and it's leading us to this last minute so our choice is simple. avoid the fiscal cliff and people's taxes going up or do nothing and let it happen. we didn't want to be in that position but speaker boehner pulled out of the deal a week and a half ago. it's not fair to blame the president. >> i have to ask you about this question. this is one of the big sticking points left. whose taxes go up, people making over $250,000 as the president w
is a part of the process. >> the current freshman class has given speaker boehner -- how do you see your freshman class in along with the speaker -- getting along with the sp eaker? >> i do not know him well. i believe that our freshman class is a diverse group of folks. we of the more than a dozen business owners. -- have got more than a dozen business owners. we have dozens of folks who have been involved in local and state governments. they're coming to washington to get things done. speaker boehner has a very hard job. when president obama makes a decision for the executive branch of government, it is the agenda for that branch of government. speaker boehner cannot really do anything more than the votes he can obtain for any part of that agenda. i have heard very little of any kind of uprising. i certainly would anticipate voting for him. >> you mentioned a little bit about your time in the state legislature in indiana. one of the things i was interested in was, you saw the way that the house worked in the 1990's. you went back to indiana, ran for state legislature, you were elected.
negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect. when the president took to the podium friday afternoon to urge the law enforcements to get their act together with he didn't exactly project confidence. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> this may be why the pr
bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the latest on what that agreement might look like but will it actually do anything to cut the deficit? and what happens nay don't get a deal? we'll hear from two senators who have been working together on deficit reduction, assistant majority leader dick durbin of illinois, and senator tom coburn of oklahoma. then we'll look forward to 2013 with an all-star panel include peggy noonan of the "wall street journal." dee dee myers of "vanity fair." "time" m
criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's proposal. we're not asking republicans to say they want to endoris the proposal. we're simply asking for a vote. we believe that republicans and democrats together could get a majority for the president's proposal to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of the republicans in the house, which voted down his own proposal just about a week ago, because he said
with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the time i have been here. there has been in a sense a radicalization in the republican conference here in the house and it makes it very difficult to negotiate. the president has been talking with the speaker. he made an offer. it was essentially rejected by the speaker. he then comes up with another alternative. it is turned down by the conference that he is supposed to lead. i think all of that has made this a more difficult proposition. i think the president, he has offered cuts in spending essentially it has been very difficult to deal with this republican majority now in the house. and what i am hopeful of in this very, very critical last 48 hours is that the senate will act, they will find common ground and i also hope that if that doesn't h
24 hours before the tax increases that it's up to john boehner to fix things surprises me and disappoints me a great deal. >> eric: obviously, you are faulting, in your view, a lack of presidential leadership? not only faulting, i think a lot of folks are not focused, i have believed that the president wants to go over the cliff. peter orszag, telling the president 3 and 4 years that the tax rates needed to go up. howard dean was making the rounds for months, saying that tax rates need to go up. nancy pelosi thinks the tax rates should go up on everybody. does the president have the political will to go against his own party? what we are seeing so far, he is not. we read his first offer, when he sat down with mr. boehner, mr. boehner said here's $800 billion for revenue and what do i get for that? the president allegedly said, that's for free. that's not evidence 6 somebody who wants a deal who, wants to lead. >> eric: what would you like to see? >> i would like to see a clean deal. i would like to see something that fixes the problem. keep in mind, one of the things that
. it's up to speaker boehner and senator mcconnell if they can accept it. if they don't, we are going off the fiscal cliff. it's where we stand now. >> you should vote your conscience, no matter what happens. you are an outgoing member of congress. you don't have to worry about re-electi re-election. many members of congress are doing what they believe their home districts want them to do. this is about self-preservation and getting reelected. are you in any different position? do you think they can look at this differently? >> i think you are in a lame duck session. it's a different dynamic. you have members that have lost and retired. yes, it's different in a lame duck than it would be before an election. this would be catastrophic for the country if we allowed it to happen. we have to have a deal in 36 hours. the people are committed regardless to doing the right thing for the country. it's what's most important. >> this is the way you wanted to go out with this mess? >> well, we could have handled it better. we are in this position because we mishandled it in the first place. we a
the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, what the president s correct about s that in the negotiations with speaker boehner in recent weeks the president was giving on social security and med did i kay changes that democrats were not excited about but speaker benito walked away -- but speaker boehner walked away from those negotiations. senator mitch mcconnell said in the last couple of days when got a phone call from the president saying let's try to come back to the table and work this out. mcconnell said that is the first time he heard from the president, senator harry reid or any of the tomorrow democrats in about a month. in terms of presidential leadership there had not been that give and take in a month. >> that is astounding as you point out for more than a point.
boehner during the course of the negotiations and there is a tax quirk in the law that would actually impact income holders between 250,000 and 400,000, much higher and disproportionately than those who earn more than 400,000. obviously small businesses. but nevertheless, i think the bottom line is, that the senate has to step up to the forefront here and address this issue and reach an agreement, build a consensus, get the support of hopefully the majority of democrats and republicans and move it to the house of representatives. i think it would bill momentum. i do think it's crucial and in the final analysis that they will reach an accord on this critical matter. i think it would be horrific for the country if at this time, the final days of this legislative session that already has reached historic proportions of failure, that we would now culminate in failure to extend these tax cuts. >> senator, you sound willing to go ahead and agree to raising taxes on wealthier americans to preserve them for the middle class however that gets defined. what are you hearing among the rest of the
speaker john boehner could face a challenge. also on the agenda changes in committee assignments and possible revisions to house and senate rules. >>> to massachusetts now where heavy snow is pounding the state and bringing with it freezing temperatures. boston could see up to 8 inches of snow today. the city's mayor has already declared a snow emergency. a top priority is getting the roads cleared for public safety. >> my guys live for this, so they're at their best when this kind of weather comes along. they're all geared up. it's like christmas morning for them. >> the neighbors to the south in rhode island are breaking out the shovels this morning. we'll show you that video. about a foot of snow has already fallen in some parts of the state. i know it's wintertime and it's supposed to snow, but these are the big snows so it's always interesting and kind of fun if you're not in it to look at the video. cnn i-reporters have been busy send inning photos. these are from mark ivy in farmersbu farmersburg, indiana. keep those pictures coming. >>> fiscal cliff, debt, and egos. how m
% of deficit reduction in the sim son-bowles came from additional revenue, 40%. when we said to speaker boehner you have to come up with revenue, he said i'll come up with a plan that protects those making less than $1 million. he couldn't silent republican caucus. the only way we deal with this cries and the deficit is on a bipartisan basis. this can't be done exclusively democratic senate, exclusively republican in the house. it will never work. >> o'donnell: both of you are also part of the gang of eight air, group of senator senators that many people look at and say these are the grown-ups in the youth senate in terms of looking at real ways to reduce deficit. but with all due respect, why haven't you ever put pen to paper and put anything forward and rally people around your proposal? >> we put to paper many times and we have ideas that we think could be parent of the ultimate answer here in terms of deficit reduction. none of it is easy. i don't want to mislead you. it's not easy. we float some of the concepts and some of the ideas and they've had some tractions. want premise is, if we're
60% of us to vote for this deal, it will be hard for boehner to get it through the house. i want to vote for it even though i won't like it because the country has a lot at stake. >> among the republican krengs any revenue generated by a potential deal, they would like to see it come do paying down the deficit, not new government spending. shannon? >> how confident are the "cook's essentialsal" democrats about the ability to get this done? >> reporter: congressional democrats do not sound over confident. they recognize this is a heavy lift between the top two senators in the next couple of hours. but a leading new york democrat sounded cautiously optimistic. >> there is certainly no breakthroughs yet between senator mcconnell and senator reid. but there is a real possibility of a deal. i have been a legislator for 37 years. and i have watched how these things work. they almost always happen at the last minute. >> reporter: we are getting down to the left minute. the threshold for extending the bush tax cuts. president obama campaigned campn capping it at $250,000, raising taxes o
. that was in the context of a big deal with speaker boehner. now we're talking about the mini deal. the patch to get us through the new year. so democrats argue that this doesn't even have the votes to pass the house and the senate as dana says, it's a quote poison pill in the eyes of the democrats. we can continue to discuss that. i just want to bring awe little bit of news, if i may. while this all is as you put it, i think in very clearly, quote, disgusting and everything is moving very slowly. there is one potential glimmer of light. and that is, that senate minority leader, of the republican, mitch mcconnell and vice president biden have spoken. they've spoken twice. and the two of them have a history of cutting deals together. they were able to cobble together the debt deal that got us through the debt negotiations and kept the country from defaulting back in the summer of 2011. does this mean it will happen again? no. but it at least means there is a line of communication open between democrats and senior democrat and republican and the possibility that who knows, maybe there could be a path for
the $1 trillion in cost reductions that he offered speaker boehner over the last couple of weeks. none of y'all have ever asked him to my knowledge, for a list of specifics but maybe if he would give us those specifics now, we could use those as part of these negotiations. i've never seen those. i don't think they really exist. as a matter of fact, i'm pretty sure they don't exist. but so we are in a situation though -- this is all high drama, i realize. i think that leader mcconnell is having a pretty fruitful conversation with vice president biden and hopefully over the course of the next short period of time, will come up with a resolution that's different than taxing the wealthy to spend all the money right now. if we can do that maybe something goodwill co will come t another way to do this would bring a bill up on the floor and begin debating t that is what we are hired to do and be a much better process -- >> with rrngts i know you agree with me, you guys are hired to do a lot of things not done around here. i know you agree. >> i will agree. i have offered a bill to deal with t
deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, decem
and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> when you talk about a dysfunction in washington, you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> well, i have to tell you, david, if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts, and tax increases on the wealthy, while keeping middle class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 of i
and cooperate. but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and we're at this deadline again? >> well i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts and tax increases on the wealthy, while keeping middle-class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts. so that we would have $2 of spending cuts for every $1 of increased revenue.
to the house. house speaker john boehner was at the capitol but left with no comment. the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those ba
, the speaker of united states house of representatives, the honorable john boehner. [applause] >> good morning, everyone. welcome, my colleagues, the leaders and the two chambers and my colleagues from the house and senate. certainly arnold and his family and friends. jack and barbara nicklaus, and fellow golfers here and around the world. arnie, i'm going to tell a couple of golf stories and we'll get around to giving you the gold medal. what makes this metal unique is that any american can win it. whether it be a general, an artist, and astronauts, or an athlete. you can start out selling paint and end up receiving congress's highest honor. not bad for an honest they's work. throughout his life, he's been a model of integrity, passion, and commitment. these are the attributes of a great golfer, and a great american. arne will tell you, it has never been about winning. he won the amateur championship back in 1964. that turning point, as he called it. there was something about the way he walked, attack the ball. asked about that, arnie said, everyone wants to win, but i did not want to lose. i
boehner. [applause] >> ladies and gentlemen, welcome to the united states capitol. i want to say how much i appreciate you all be near. on behalf of my colleagues in the united states congress, i will ask that you all join me in a moment of silence in tribute to ambassador stevens and the united states personnel who were killed in libya at this morning. thank you. since the days of the american revolution, congress has commissioned gold medals as the highest expression of appreciation for distinguished achievements. the first recipient was general george washington in march of 1776. today, we will present a congressional gold medal to arnold palmer of the commonwealth of pennsylvania. those of you who participate in these events regularly may notice the stage is set up a little differently than usual. we thought it would be more fitting to do so on this side of the rotunda and honor some of the presidents of that arnie knew so well. president gerald ford used to say "you know arnie's army." president ronald reagan. and of course president eisenhower who did a lot for the game of golf. the
. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have different ideas. they want to see more cuts in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >
and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert rule, a majority of the majority, most republicans, in this case they're at majority, must support a bill before denny hastert would put it on the house floor. i don't get a sense that's where speaker boehner is. >> you could imagine a scenario where the house could pass an agreement that's reached in the senate, with a minority of republicans and dozens of democrats make up the difference. that would essentially be john boehner falling on his sword, diving on the grenade and giving up his speakership. you know, democrats might say this would be a great act of self-sacrifice, not the kind of thing you see in washington. there isn't any indication it's going to happen. it's worth reminding people, if we go over the cliff the world doesn't end. it gets worse the more time passes into january
it got stuck. the senators and i went over to meet with john boehner and chairman -- we agreed we would get it done. neither side got everything they wanted. anyone who takes that position, in my opinion, is not putting country first. i do not care whether they are republican or democrat or anything else. we are not each of us going to get everything we want. lord knows. there is a lot i could do if i had a want and could make it happen. but everybody has a different view of exactly how to go forward. i think we are being tested here. i know it is tough going. i know if we do not get a deal, it does not stop there, we will keep on working. but there is no reason on this beautiful god's green earth why we cannot get a deal here. if everyone is sincere in saying they want the middle-class to be protected, we can get a deal here. president obama says $250,000 -- maybe i think $350,000 is the line, maybe someone else $150,000 -- we can meet somewhere and cut down -- cut the road somewhere in the middle. and save this country from the uncertainty, the uncertainty that plagues us right now. i
the players in this fiscal cliff game. let's look at what president obama and speaker boehner want. president obama wants higher taxes on the wealthy, stimulus spending, limited cuts to entitlements, and speaker boehner wants limited tax increases and keep his job. bob, which -- where do we go from here if a deal isn't hashed out in the next few hours? >> not necessarily in that order. i think the priorities for john boehner may have been turned around. jared is an old jazz fan, as am i, and he knows that miles davis had a song called "so what" and i think that might be the background music right now as all the posturing is going on in public. the simple fact of the matter is that they are setting up the process for working out a deal after they have scared the daylights out of everybody, and it would seem to me that to quote another song, which is "what are you going to be doing new year's eve," i think that we'll be finding that these people are still hard at it and maybe calling congress into session tomorrow night which is a really rotten way to end the year. >> jared, explain for our vie
boehner saying i've offered you 800 billion in additional revenue. what do i get in return? and the president said nothing. you also counted he won the election. i have got news, whether he won the election or not,let stats about the budget are neutral and nonpartisan and mr. boehner's republicans won an election too. he was elected president, not prime minister. he can't dictate to the house the way he would in england. >> as we look forward here, i heard you mention the debt commission and that's come up a couple times, that we've been down this road before with congress kind of bringing us to the brink but they always do a back deal. that has a longer lasting effect on the economy because every time we go through this, the markets react. people pull back. talk to me a little bit about what's forecasted for tuesday? we're get to hit the debt ceiling. >> a perfect storm. >> yes, but maybe it's one we need to endure so we can straighten our country out. if we go along with the president we have to reckon with the fact entitlement spending, about $650 billion or so, between
. there was a point when obama moved from $250,000 threshold on taxes to 400. boehner put tax rates. >> boehner said for the first time republicans would be willing to support. the question is, how much his troops would be backing him raising tax rates on those over $1 million. which for given the republican fervent opposition to any raise in tax rates, that was a significant step, but then it stopped. >> during that time about a week where the white house and speaker boehner's office was not criticizing each other. lines of communication were open. since then, it's gone south. >> does it seem like a dull story because it's an artificial crisis created by congress itself. they could solve this thing in ten minutes with ample compromise on both sides. while the country is following this news, it's not a breathless anticipation. >> the only thing that is starting to sink in with people, howie, where i think it is getting more public attention is that people are now realizing that their paychecks really will be a lot lower very soon if nothing gets done. therefore, i think it is very legitimate interes
the president doesn't want that deal. he doesn't trust speaker boehner can deliver the votes and he feels the election changed his leverage on this. it does not appear the president wants to do this grand bargain. what he wants to do is get tax rates up as he promised to do in the campaign. that's why there's a narrower discussion now. >> we don't have time for some big old deal at this point, right? >> right. >> there's want and political realism. the one other point is they are talking about whether they can put off the spending cuts and whether there's a way to agree to that. >> across the board defense and nondiscretionary. >> i agree there's no more trust between speaker boehner and president obama. >> that's the other dog not barking here, is how small expectations are become here. how little deficit reduction will happen here. >> none, right? by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >> right. the payroll tax, the extension of the holiday in effect is
of house speaker john boehner and the job that he's doing. you know, senate majority leader, harry reid has got an approval rating just a little bit above that, 34% for his role in the fiscal cliff negotiations. >> let's move on to other polling information. which i agree is prety long-term. locking out to 2016 now, what is the potential impact on all of this say on who could replace the current president of the united states. what are we seeing? >> well you know, that's right. the future is very fascinating. we took a look in a poll that we released today, the cnn/orc poll that looked at republicans and democrats. we asked senators from both parties, who they support. let's take a look at the parties. here's the lineup, for the democrats it's secretary of state hillary clinton. she's far and away ahead of the pack with what, 85% of those who said they would support her. she's got a 20-point lead over the next front-runners, which is vice president joe biden. new york governor andrew cuomo, the son of mario cuomo is in third with 56%. >> a lot of that i would guess is probably just simply b
on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the wealthy pay more in taxes. >> the president's tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into effect tuesday. cbs news, washington. >> if the
stuck, so senator inhofe and i and senator reid went over to meet with john boehner and chairman mica and we all agreed we'd get it done. neither side got everything they want and anyone who takes that position in my opinion is not putting country first. i don't care whether they are republican, a democrat, or anything else. we are not each of us going to get everything we want. lord knows. there's a lot i could do if i had a wand and could make it happen. but everybody has a different view of exactly how to go forward and i think we're being tested here. so i know it's tough going, and i know if we don't get a deal, it doesn't stop there, we'll keep on working. but there is no reason on this beautiful god's green earth why we can't get a deal here. if everyone is sincere in saying they want the middle class could be protected, we can get a deal here. president obama says $250,000 is the line, maybe i think $350,000 is the line, maybe someone else $500,000, maybe somebody else $150,000. we can meet somewhere and cut that reason somewhere in the middle. and save this country from the u
and then to the house. john boehner had no comment. both sides remain at odds over the democrats' instance that the wealthy pay more in taxes. >> chris: it would only fund the government for 8 days. what does the president propose we do for the other 357 days? >> reporter: president obama insists his plan on the tablt is fair and it include -- table is fair and includes plenty. cuts to spending. >> we can't afford a politically self-conflicted wound to our economy. >> reporter: if the negotiations don't pan out, the president is ready to propose his own scaled back bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry c
is to present it to the full senate for a vote sunday, then sent over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the rich pay more taxes. obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he is ready to propose his own scaled down bill that would block tax increases on all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us that invest in the stock market it's disgusting to watch them jockey around with our money, because it gets affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion in mandatory spending cuts scheduled to go into effect on tuesday. the u.s. will also hit its borrowing limit on monday make it difficult for the government to pay its bills.
illegally have no heart, it almost killed his campaign. >> most dishonest, john boehner, republican speaker of the house. saying quote unquote, let's be honest, we're broke. we'll be right back with new years resolutions. ♪ [ music ] >>> new years resolutions, pat. >> get at list one book on nixon done this year. >> another one? >> one. >> can get cracking on my memoir, and also continue to jog so i can continue to stay healthy and continue to do combat. >> ensure that everything i put on twitter is completely accurate. >> are you going to do a memoir? >> no. >> really? >> write a book that responds to pat buchanan's last book. >> my new year's resolution is to not have such a heavy foot when i accelerate vehicles. we try to give it to you straight. celebrate the new year. bye bye. ♪ [ music ]
talked about moments ago, he had been keeping a low profile and allowing speaker john boehner to negotiate directly with the president of the united states. but now a number of democrats including white house officials believe mcconnell be key. >> we ar engaged in -- we are engaged in discussions, the majority leader and myself in the hopes that we can come forward as early as sunday and have a recommendation that i could make and the majority leader can make to his conference. >> sources say speaker boehner deferred to their meeting and he told them the house leaders would consider, accept or amend their plan. >> house republicans have moved up a meeting that we know is scheduled for monday. i understand now it is going to happen potentially tomorrow night. should we take that as a good sign? >> well, harris, several key republican sources say the feeling is getting house republicans together sooner rather than later to get a sense of their thinking after they return to the capital. one critical issue in all of this is the threshold that will be set for ks tending the -- for
profile and allowing speaker john boehner to negotiate directly with the president of the united states. but now a number of democrats including white house officials believe mcconnell be key. >> we ar engaged in -- we are engaged in discussions, the majority leader and myself in the hopes that we can come forward as early as sunday and have a recommendation that i could make and the majority leader can make to his conference. >> sources say speaker boehner deferred to their meeting and he told them the house leaders would consider, accept or amend their plan. >> house republicans have moved up a meeting that we know is scheduled for monday. i understand now it is going to happen potentially tomorrow night. should we take that as a good sign? >> well, harris, several key republican sources say the feeling is getting house republicans together sooner rather than later to get a sense of their thinking after they return to the capital. one critical issue in all of this is the threshold that will be set for ks tending the -- for extending the bush tax cuts. >> the 400 level is seems about r
allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that was perfectly visible. it was transparenthere we would be. and e republicans, the republican leadership, the republican national ommittee. all of the so-called wise men and women of the party did absolutely nothing to prepare r this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possible. the serious business of trying to prevent spending increases and other programs. without giving up the position of republicans and being able to get those tax cuts. we will have an awful 2013 and 2000 putting him and i thi the republicans could take over he senate and increased the majority of senate and house if they don't give up their key issue, tax cuts.
than the norm. >> president obama and today's edition of "meet the press." speaker boehner in particular said "the president has never called for the senate to act on those bills, he has allowed the democratic controlled senate to lead our economy to the edge of the fiscal cliff. congress people from both parties are searching for a bipartisan solution. that is the leadership that america needs, not what we saw from the president this morning ." those of the comments from speaker boehner. the house has gaveled out. we expect them back in about two hours. let's go to newbury port. caller: thank you for c-span. i do not understand where this $250,000 number comes from. i am 70 and have never been asked to make a sacrifice by any congress. it just seems to me that if the average income in most states -- to ask people making $125,000 or more, to ask them to contribute more, that seems to be a no- brainer. i do not see why people in this country are not ready to make a compromise. let's face it, we will either all have to pay slightly more taxes and accept the fact that our bene
of market sense, then you're losing. if senator reid says something and speaker boehner says something else, nothing fundamental has changed. white stock investors are buying and selling based on political speeches is beyond me. host: what index will you be watching? here is a headline from the wall street journal -- what index will you be watching? guest: think consumer confidence is the big indicator. there are a number of ways to measure it. if you go back to the august debt ceiling deal, i think people did not even realize in washington, but you look at the data, he saw a major drop in consumer confidence around the time and it became clear that politicians were arguing and squabbling and were not coming to terms. i think that is a severe problem in this recession because consumer demand is not strong enough to propagate a strong economic recovery. anything that dampened consumer demand is a problem. watching these politicians not getting together, even if they get a deal, the damage there is down. you see your leaders not being able to take simple steps. the deal they are talking about
and speaker boehner says something else, nothing fundamental has changed. white stock investors are buying and selling based on political speeches is beyond me. host: what index will you be watching? here is a headline from the wall street journal -- what index will you be watching? guest: think consumer confidence is the big indicator. there are a number of ways to measure it. if you go back to the august debt ceiling deal, i think people did not even realize in washington, but you look at the data, he saw a major drop in consumer confidence around the time and it became clear that politicians were arguing and squabbling and were not coming to terms. i think that is a severe problem in this recession because consumer demand is not strong enough to propagate a strong economic recovery. anything that dampened consumer demand is a problem. watching these politicians not getting together, even if they get a deal, the damage there is down. you see your leaders not the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in betwe
, tongue in cheek and he's a comedian. >> there's a photo of mcconnell boehner. >> al-qaeda isn't in the same league as congress when it comes to terrorizing americans and links to this other article and the other article goes on to elaborate on the tweet and presumably taking the headline from the piece and linking to it, but dave brings up an interesting point when you tweet out something like this, and while retweets and things aren't your personal viewpoint, they could be viewed as such. and people say he's retweeting a link. >> juliet: the article, it's humorous article basically al-qaeda the official statements from al-qaeda saying, look, we're going to back off terrorizing you the united states because your congress people do enough during the so-called fiscal cliff showdown convinced the terrorists they had been outdone and said the idea of holding the entire nation hostage with a clock ticking until the ends of the year-- >> it wasn't terribly funny at all. but to dave's point when you're tweeting out links to articles like that, he didn't say here is a funny piece with
is outsourcing. this >> the president had put serious spending cuts on the table. answered speaker boehner, a week and a half ago, are this close and then what happens, all of a sudden, speaker boehner decide dodd this plan b. it fell apart and it's leaving us to this last minute. >> automatic cuts, defense cuts, domestic cuts, what's gonna happen to that with this -- are they gonna address that, this deal? >> i was called by leon panetta last night at 7 can 3 0 doubles,ing dinner. >> secretary of defense. >> yes. i was told, lindsey there wouldn't be anything in this deal to avoid sequestration going into effect. he says if we do this, it will be shooting the defense department in the head and we will have to send out 800,000 layoff notices the beginning of the year. he is worried to death we don't fix sequestration, we are going to destroy the finest military in the world at the time we need it the most. >> and there you have it, the voice on sunday. there is no deal yet on the fiscal cliff. so what does it all mean for you and your money? well, we will have you back and we will talk abo
for this deal it will be hard for boehner to get it through the house. i will want to vote for it even though i won't like it because the country has a lot at stake here. >> chris: is senator graham right? will we get a deal? >> i think he is partially right. yesterday 2.1 million americans lost extended unemployment insurance and from this point on it is lose, lose. my big worry is a contraction of the economy, the loss of jobs which could be well over two million in addition to the people already on unemployment. i think contraction of the economy really would be just terrible for this nation. i think we need a deal. we should do a deal. if lindsey and i could sit down, i think we could put that deal together. i think the leadership s now working. it will probably be an immediate deal. in other words, it is not going to solve all of the problems forever but it is going to solve certain problems. in other words, not only the unemployment insurance but doctors lose 30% on medicare patients if that isn't remedied. it is called the doc fix. that will probably be done. the tax extenders will proba
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